Sorry, this episode is only available to Registered Users

Trump’s 2005 Tax Returns Released

Favorite

Yesterday, Tuesday, March 14th, MSNBC disclosed forms of President Trump’s tax returns from 2005. MSNBC said they received the document from financial journalist and Trump biographer David Cay Johnston, who received it in his mailbox from an anonymous source. Only the top two pages from the tax return were included.

Since running for office, Trump has refused to disclose his tax returns.

The forms showed that Trump wrote off more than $100 million in business losses to reduce his federal taxes in 2005. Trump paid $38 million in federal income taxes, and $31 million of that was paid under the “alternative minimum tax”, which he hopes to abolish.

However, nothing in the documents suggested he had any ties to Russia.

The White House released a statement before the documents became public, saying before Trump became president, he was one of the most successful businessmen in the world. He had a responsibility to his company, family and employees to pay no more tax than legally required.

Zac Petkanas, a senior adviser to the Democratic National Committee, responded to the White House saying “If they can release some of the information, they can release all of the information.”